What's the fear Columbus hotels?

[Columbuskidd92]

Candlewood to be completed....

It has sat idle in mid-construction for months, with traffic streaming by on Whittlesey Boulevard, and begging the question: Will this hotel ever get built?

The answer, it appears, is yes.

Work on the 83-room Candlewood Suites at Columbus Park Crossing, adjacent to the Kia Autosport dealership, should resume within a month, said Anil Patel, an Atlanta-based hotelier who operates under the company name Jina Inc.

"We'll begin working on it and hopefully we are going to finish it within maybe five months or so," said Patel, which would place the opening of the property around August or September.

Candlewood Suites is a brand founded in the mid-1990s and now majority owned by InterContinental Hotels Group. IHG is a British firm that operates a variety of brands, including Holiday Inn, Holiday Inn Express, Staybridge Suites, Crowne Plaza and Hotel Indigo.

The future Candlewood Suites on Whittlesey Boulevard has been in the works since 2008, when Patel started going through the process of getting approval to build it and lining up financing.

But a series of problems have dogged the project much of the way, Patel said, including changes in the American Disabilities Act causing a delay in the project and its design.

"So we had to redo everything," he said.

However, construction on the $6.5 million property did finally begin in early 2012 and work by CAM Builders was proceeding until more issues surfaced.

The hotel owner said his bank "backed out" of the loan, forcing him to look elsewhere for financing, which he said was achieved through a U.S. Small Business Administration loan, a process itself that wasn't easy.

Aside from plenty of paperwork, there have been property surveys and appraisals to be completed.

Candlewood to be completed | Business | Columbus Ledger Enquirer

[Columbus1984]

Originally Posted by Columbuskidd92

Candlewood to be completed....

It has sat idle in mid-construction for months, with traffic streaming by on Whittlesey Boulevard, and begging the question: Will this hotel ever get built?

The answer, it appears, is yes.

Work on the 83-room Candlewood Suites at Columbus Park Crossing, adjacent to the Kia Autosport dealership, should resume within a month, said Anil Patel, an Atlanta-based hotelier who operates under the company name Jina Inc.

"We'll begin working on it and hopefully we are going to finish it within maybe five months or so," said Patel, which would place the opening of the property around August or September.

Candlewood Suites is a brand founded in the mid-1990s and now majority owned by InterContinental Hotels Group. IHG is a British firm that operates a variety of brands, including Holiday Inn, Holiday Inn Express, Staybridge Suites, Crowne Plaza and Hotel Indigo.

The future Candlewood Suites on Whittlesey Boulevard has been in the works since 2008, when Patel started going through the process of getting approval to build it and lining up financing.

But a series of problems have dogged the project much of the way, Patel said, including changes in the American Disabilities Act causing a delay in the project and its design.

"So we had to redo everything," he said.

However, construction on the $6.5 million property did finally begin in early 2012 and work by CAM Builders was proceeding until more issues surfaced.

The hotel owner said his bank "backed out" of the loan, forcing him to look elsewhere for financing, which he said was achieved through a U.S. Small Business Administration loan, a process itself that wasn't easy.

Aside from plenty of paperwork, there have been property surveys and appraisals to be completed.

Candlewood to be completed | Business | Columbus Ledger Enquirer

Excellent news.